Trexquant Investment LP Invests $21.84 Million in Antero Resources Corporation $AR

Key Points

• Trexquant Investment LP has acquired a new position in Antero Resources Corporation, purchasing 540,153 shares valued at approximately $21.84 million, representing about 0.17% of the company.
• A number of institutional investors have significantly increased their stakes in Antero Resources, with Assenagon Asset Management growing its position by 133.1% and now owning nearly $151.4 million in shares.
• Analysts have raised target prices for Antero Resources, with Bank of America increasing theirs from $44 to $47 and Mizuho from $47 to $49, indicating a positive outlook for the stock.

Trexquant Investment LP purchased a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 540,153 shares of the oil and natural gas company's stock, valued at approximately $21,844,000. Trexquant Investment LP owned 0.17% of Antero Resources as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AR. Stifel Financial Corp raised its holdings in Antero Resources by 0.6% during the fourth quarter. Stifel Financial Corp now owns 84,530 shares of the oil and natural gas company's stock valued at $2,963,000 after acquiring an additional 520 shares during the period. Hsbc Holdings PLC bought a new stake in Antero Resources during the fourth quarter valued at about $781,000. Price T Rowe Associates Inc. MD raised its holdings in Antero Resources by 9.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 177,488 shares of the oil and natural gas company's stock valued at $6,221,000 after acquiring an additional 14,659 shares during the period. Aquatic Capital Management LLC bought a new stake in Antero Resources during the fourth quarter valued at about $196,000. Finally, Beacon Pointe Advisors LLC bought a new stake in Antero Resources during the fourth quarter valued at about $217,000. 83.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AR. Bank of America raised their price target on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Roth Capital cut Antero Resources from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $44.00 to $32.00 in a report on Monday, August 18th. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Finally, Barclays lifted their target price on Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $43.65.

Antero Resources Stock Down 0.7%

NYSE:AR traded down $0.24 during trading hours on Monday, reaching $31.90. The company's stock had a trading volume of 3,039,761 shares, compared to its average volume of 4,507,277. The company has a market capitalization of $9.85 billion, a P/E ratio of 20.32 and a beta of 0.64. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a 50 day moving average price of $34.60 and a two-hundred day moving average price of $36.62.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The business's revenue for the quarter was up 32.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.21) earnings per share. Equities analysts predict that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Antero Resources Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.